Northrim BanCorp Increases Quarterly Dividend by 6.3%
Northrim BanCorp (NASDAQ: NRIM) has raised its quarterly dividend to $0.17 per share, representing a 6.3% increase from the previous payout of $0.16. The new dividend will be payable on September 18 for shareholders of record as of September 10, with an ex-dividend date also set for September 10. This adjustment results in a forward yield of approximately 2.64%. The move follows Northrim BanCorp's recent announcement to acquire PBCO Financial for $167 million, signaling continued growth and confidence in its financial stability. This dividend increase may be viewed positively by income-focused investors seeking stable returns from the company.
Tickers: $NRIM
Topics: dividends financial announcements